Iran discovered his Achilles' heel—a market slump.

Higher gas and oil prices owing to the US-Iran war were a double-edged sword to African energy exporters

Prices, debt, and scarcity will strike a blow against the world's workshop

Disruptions to Gulf energy and shipping routes are tightening supplies of chemical fertilisers, raising costs from Europe to South Asia and heightening fears of a widening global food crisis

Algeria and Libya stand to gain from higher oil prices, but energy importers Morocco, Tunisia and Egypt are desperate for the war to end

Given the effective closure of the Hormuz Strait and Houthi threats to close off the Red Sea, Syria may emerge as a corridor and conduit to bypass these embattled maritime chokepoints

The element critical to the tech industry is in short supply following Iran's closure of the Hormuz. This will have serious knock-on effects across many industries worldwide.

Many shipping routes are vulnerable, from the Strait of Malacca to the Panama Canal

Millions working in the Gulf are worried about their livelihoods and the impact on their families, while their employers are worried that they will leave

Positioned between the Strait of Hormuz and the Suez Canal, Egypt is not only absorbing the impact of war—it is transmitting it into the global economy.